Martin Lewis has issued a warning to anyone with a private or a company pension.
The MoneySavingExpert founder is continuing to provide his helpful financial advice for people in the UK, as the country continues to battle a cost of living crisis. He frequently shares these tips on his programme, Money Show Live, as well as his frequent hosting slots on Good Morning Britain.
On Thursday (20 April), the finance expert took to Twitter to offer out helpful advice. Mr Lewis said that if you have a private or workplace pension, the money cannot be left in your will and has to be nominated to a beneficiary separately.
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Mr Lewis' tweet said: "Warning. Don't accidentally leave your pension to your ex! You CAN’T leave pension savings in your will. Die before taking your private/company pension and the provider/trustees decide what to do with it.
"An expression of wishes (or nomination) form tells them your preference. Fill one in (your provider should have them). If you have, but years ago check it’s up to date or as I was told…
"'Colleague's ex-husband was still on her nomination form. Family had to contest. Nightmare for all involved'".
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